Corporate Governance in India: Change and Continuity

Hardcover | November 7, 2016

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What are the key objectives of corporate governance? How effective has it been in India? Why has the need for good governance intensified over the last decade? Have the recent developments in the field opened up a wide range of governance issues? This book addresses such debates and provides an insight into advancing and improving corporate governance practices in India. It explores the evolution of corporate governance and discusses crucial aspects such as compensation for executives, gender diversity on Indian boards, ethical business,independent directors, audit committees, corporate governance in state-owned enterprises, and corporate social responsibility.The volume also critically examines important provisions of the Companies Act, 2013 along with the revised clause 49. With essays from distinguished academics, practitioners, and research scholars, it brings out contemporary perspectives on the provisions, challenges, and opportunities in the fieldwithin a comparative global context.

About The Author

Asish K. Bhattacharyya is professor at and head of School of Corporate Governance and Public Policy, Indian Institute of Corporate Affairs, Haryana, India. He is a Senior Advisor with BSR and Co. LLP (the audit arm of KPMG).

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Table of Contents

List of Tables and FiguresBhaskar Chatterjee: ForewordList of AbbreviationsAsish K. Bhattacharyya: Introduction1. Pratip Kar: Cogitations on Corporate Governance: When It Began, How It Began, and Where Is It Now2. Rajesh Chakrabarti and Mandar Kagade: Evolution and Challenges in the Companies Act, 20133. Shveta Singh, Surendra S. Yadav, and P.K. Jain: Current Status of Corporate Governance in India4. Subrata Sarkar: The Comply-or-Explain Approach for Enforcing Governance Norms5. Afra Afsharipour: The One Woman Director Mandate: History and Trajectory6. Kaushik Dutta and Prasanna Mohanty: Enabling Laws, Greater Liabilities, Higher Enforcements: Moving towards a More Ethical Business World in India?7. Jaivir Singh: The Legal Structure of Corporate Social Responsibility in India8. Shuchi Bharti: Law, Regulatory Transformations, and Institutional Change: The Case of Corporate Social Responsibility in India9. Manju Jaiswall: Corporate Governance Norms in State-Owned Enterprises: Are We Using Apples to Assess Oranges?10. Garima Dadhich: The Emerging Role of Independent Directors in the Boardroom11. Bala N. Balasubramanian, Samir K. Barua, and D. Karthik: Executive Compensation in India: An Empirical Investigation12. Sandeep Parekh: Evolution of Law Pertaining to Related-Party Transactions in India13. Asish K. Bhattacharyya: Audit in Corporate Governance14. Naveen Kumar Srivastava and Kaushik Dutta: Integrity of the Financial Reporting Process: Demystifying the Role of Audit CommitteesIndexAbout the Editor and Contributors